September 2018 - Jacobs Allen

Tax on property

28th September, 2018

More than 120,000 first-time buyers in England and Northern Ireland have taken advantage of a stamp duty holiday in the past year.

Expertise delivered by qualified, experienced accountants

Our team of expert accountants, business strategists, tax specialists and auditors have worked with owners of a broad range of businesses at every stage of their development to grow, prosper and consolidate. In fact, we’re immensely proud that other accountants in Suffolk and UK-wide consult our tax saving experts for advice; we believe that speaks volumes about the depth of expertise and knowledge we possess.

Whatever obstacles you need to overcome, we employ a ‘never say never’ approach.

Something to shout about

Alison used to work for my accountants, Jacobs Allen, and I must tell her in this difficult time they have kept me informed all the time without me contacting them. It has been really helpful. I used to think they were expensive but I know someone who pays a lot more than me and has had no contact from their accountants. I am really impressed!

Fiona P – Pilates East Anglia

I chose to come to Jacobs Allen for advice as I felt you were clearly knowledgeable yet very approachable, friendly and welcoming. To have all of my queries dealt with so professionally in a relaxed manner allayed any concerns I had about my tax affairs, past present and future. Your advice giving me a clear plan of the actions I have to take and your offer of assistance to put it into practice helped enormously in focussing my attention on building my business.”

John H

Enabling an individual to assist her daughter to acquire a property, obtaining tax relief for some of the mortgage interest and allowing the property to pass into the daughter’s possession and eventually be sold without incurring capital gains tax or inheritance tax.

Fantastic, thank you. I’m not used to this level of efficiency…”

Taff G

Thank you all for your very kind card which it was lovely to receive. Best wishes.”

Pat M

Many thanks for all of your help! You’re all such a friendly, helpful bunch!”

Mike A

Keith is obviously very knowledgeable and is able to relate his expertise in an easy to understand way. We will definitely use Jacobs Allen again and believe that it was a relatively small amount of money, well spent to have this financial and tax review.”

Maddy R

Many thanks again for your excellent work this year.”

Elaine B

Thanks very much for your advice Keith. It gave us plenty to think about and will help ensure that we are able to make the most of our savings and earnings”

Dave R

…Again – thank you for all your kind help and attention. With best wishes.”

Patricia M

Thank you for the meeting, you gave us great advice!”

Martin E

You guys are the bee’s knees!”

Jake B

Many thanks for all your hard work and I trust you and your team are keeping well.”

Rachel B

Thank you very much for your diligent service again this year.”

David P (MBE)

Planning through the use of trusts for an individual to pass on to his children properties worth approximately £1m when completed and save inheritance tax of £400,000, also providing them with future income to fund higher education costs.

I would like to take this opportunity to thank Mark for the help he afforded us in completing this year’s audit. As in the past our work was very much aided by the quality and clarity of his working papers.”

Paul C

Robert has characteristically suggested a neat solution to the problem…”

Nicholas A

Once again many thanks for your work and prompt attention to my Returns.”

Mike B

Many thank for the excellent service Jacobs Allen has provided to the Wentworth, and I hope we shall continue our association for many years.”

Michael Pritt, The Wentworth Hotel, Aldeburgh

Advising on tax free extraction of profits for an active corporate client, saving approximately £300,000 in one year.

Thank you so much for everything you have done, you have been ace!”

Claire E

Developing a scheme involving the retirement of a managing director of a farming company and the tax effective extraction of a freehold property involving a company purchase of own shares.

Why am I not surprised to see such an admirable, thoughtful, organised mission from Jacobs Allen, to be there for everyone during this Coronavirus crisis?

I only thought yesterday that I would drop you a line and ask if we can keep going remotely as time at home brings helpful reflection and planning time often short-changed through busy lives.

Blooming well done everyone at Jacobs Allen!. Such an email exuding the humility we all need to more deeply reacquaint with as together we get through this wartime.

Stay well, stay safe and thank you warmly for your continued support!

Janice J

May I take this opportunity of thanking you for all your guidance and the friendly manner you approached every challenge I threw at you.”

Pat L

Helping a client set up a new growth business alongside an existing business, advising on a structure that protects the existing business from inherent start-up risks, provides a ready made exit strategy and creates an environment for minimal additional tax liabilities for five years.

Thank you for your most helpful advice and explanations. Much appreciated… I would add that the lady who greeted me was very welcoming and considerate and there seemed to be a pleasant atmosphere in your offices, which was most reassuring. Thank you again for your help.”

Paul N

Thank you very much indeed. Your advice on VAT and other taxes has changed the financial landscape of my project significantly – for the better!”

Richard S

We would like to thank you and your team for the outstanding service we have received over the years. I must, however, single out Carl for his personal efforts. His attention to detail and his ability to remember my history has been quite remarkable

John A

Thank you for your letter last Friday… We really appreciate all the help given from Jacobs Allen.”

David F

Thank you so much Jaclyn & thank you also to Jacobs Allen for helping me to sort out my taxes.”

Jill M

Helping a client to identify their personal and business goals, resolve their dilemma over the continuation or sale of their business and exit the business in a structured way, maximising the sale potential.

Many thanks for this advice and your admirable concision; it is most helpful.”

Bruce B

Assisting a client in extricating themselves from unsuitable banking arrangements and working with them to produce a business plan to enable them to trade cash positively in the future.

Planning a group reorganisation for a major corporate client, dealing with tax free exchange of shares and eliminating charges to tax on the transfer of assets within the group.

Negotiating with HMRC on the valuation of shares in a family company, saving the client approximately £270,000 of capital gains tax.

I did interview several accountants with my Father and most definitely you stood head and shoulders above the rest. We absolutely made the right decision that day. Thanks for everything, Robert, and best wishes to you.”

Shawna K

Putting together a scheme and obtaining Revenue clearance on it, resulting in the avoidance of Income tax and the minimisation of capital gains tax on the retirement of the founding directors from a company, involving the contemporaneous transfer of shares by way of gift and sale and company purchase of own shares.

Blog Archive: September 2018

Tax on property

Expertise delivered by qualified, experienced accountants

Whatever obstacles you need to overcome, we employ a ‘never say never’ approach.

Something to shout about